Crypto lender Amber Group considers selling Japan unit: Report
Amber’s review of its Japan operation is part of a strategic shift towards institutional business and away from retail business. Go to Source Powered by WPeMatico
Month: April 2023
Crypto Exchange Bitrue Suffers $23 Million Hack
Singapore-based crypto exchange Bitrue has lost millions of U.S. dollars’ worth of ether and other coins in a hack. The trading platform suspended withdrawals until early next week to conduct additional security checks and promised to compensate the affected users. Bitrue Exchange Loses Crypto Assets Due to Hot Wallet Exploit Cryptocurrency exchange Bitrue announced Friday … Read more
Ethereum on-chain data forecasts the withdrawal of 1.4M ETH over the next few days
ETH price rallied as deposits briefly surged after the Shapella, but on-chain data suggests that 1.4 million ETH will be withdrawn in the short-term. Go to Source Powered by WPeMatico
Biggest Movers: ADA Surges to 7-Month High, as XRP Extends Recent Gains
Cardano rose to its highest level in seven-months on April 14, as cryptocurrency markets remained bullish. The global crypto market cap rose by as much as 2.25% on Friday, with bitcoin moving above $31,000. Xrp was another notable gainer, as the token hit a two-week high. Cardano (ADA) Cardano (ADA) rose for an eighth straight … Read more
BTC price targets see $33K next as Bitcoin eyes key resistance flip
Bitcoin faces a formidable trend line in $31,000 with United States equities providing a continued boost for BTC price upside. Go to Source Powered by WPeMatico
Bias in AI: What can blockchains do to ensure fairness?
Experts believe that decentralized systems can help secure the integrity and objectivity of data being fed to AI systems, but there still exist very clear limitations. Go to Source Powered by WPeMatico
Stablecoins Cannot Function as Money Because They Have No ‘Assured Value’ — Bank of England Governor
Andrew Bailey, the governor of the Bank of England, has asserted that stablecoins “will need to have the characteristics of, and be regulated as, inside money” before they function as money. Bailey also described crypto as a “highly speculative investment” with no intrinsic value. Stablecoins Purport to Be Money According to the Bank of England … Read more
Crypto in Europe: Economist breaks down MiCA and future of stablecoins
A principal economist of the European Commission shares his views on stablecoins and the future of regulations in Europe. Go to Source Powered by WPeMatico
Tesla selling Bitcoin last year turned out to be a $500M mistake
Tesla’s remaining Bitcoin stash has grown 100% from its November 2022 lows, demonstrating that hodling BTC can indeed pay off. Go to Source Powered by WPeMatico
Enterprises should seek partners and solutions during the crypto winter: Paxos report
“We need more transparency over the reserves of these stablecoins, which I think we’re going to see,” Clara Medalie said. Go to Source Powered by WPeMatico